Never said anything about fmg rail redrock. But seeing as we are talking about them, cast your memory back 15 or so months back........... I don't recall AGO being quite as desperate to keep their head above water as FMG. They may sit lower on the cost curve, but they need that to cover debt. As they pay down that debt then I agree they look a lot better. Atlas have openly said they will cart by road from Corunna or use it to provide critical mass to fund a rail solution. Could even be a joint venture for all we know. What people forget is that this is in the future, it hasn't happened yet. What is happening is atlas currently mining for a profit!
Anyway if you don't like AGO as an investment that's great, you've got your reasons and I've got mine. Difference makes the world go round Red Rock. Good luck with your investments.
AGO Price at posting:
93.7¢ Sentiment: Hold Disclosure: Held
